CFA Association Russia is a non-profit organization representing the interests of CFA Charterholders and CFA candidates based in Russia and the CIS. The society was founded in 2004 and is a member society of the CFA Institute. It is committed to leading the development of the investment industry through the promotion of the highest ethical standards and through the provision of education, professional development, advocacy, information and career support on behalf of its members.
Formation and history of CFA Association (Russia).
Meetings of potential members held in November 2002 and March 2003 (in Moscow) indicated substantial support for the formation of a Russia-based local Society of CFA Institute. In the meeting of potential members held in March 2003, an “initiative group” of interested CFA charterholders, CFA Institute members, and candidates was mandated by the attendees to facilitate the fulfilment of formal requirements for the formation of a local Russian Society.
In March 2004 a formal meeting of potential members of Russia-based local Society was held to formally approve the draft Bylaws (including the Mission Statement and Statement of Purpose of the Society, dues, and to elect the members of the Board of Directors). This meeting was attended by 58 people (42 existing and 16 potential members of CFA Institute). 24 potential members who attended this meeting paid $100 each towards set-up costs of the Society, and are recognised as “founding members”. The founding members of CFA Association (Russia) are:
Dmitry Artemiev; Vladimir Detinich; Oleg Dobritsky; Oleg Dobronravov; Sergei Drojjin; Tomas Dukala, Anton Efremov; James Fenkner; Evgeny Golossnoy; Alexander Golovtsov; Richard Hainsworth; Omega Hatfield; Tembora Kardanov; Alzbeta Klein; Olga Kouznetsova; Olga Logvina; Pavel Olishevski; Konstantin Pesotsky; Dimitri Poliakov; Pavel Prosyankin; Vyacheslav Reshetko; Eugene Satskov; Lauri Sillantaka; and Dmitry Soloviev.
By September 2004, the documentation required to make formal application to CFA Institute for local Society status (including written commitment to join the Society by at least 50 members of CFA Institute, a minimum of 75% of which were CFA charterholders), was obtained. On 22 October 2004, CFA Institute welcomed CFA Association (Russia) as its 130th society.
To promote the highest ethical standards in Russia’s investment industry, and encourage professional development by providing education, career, and professional networking support to CFA Charterholders and Candidates based in Russia.